Fullerton India Credit — Complain regarding charging the foreclosure charges of 4% + GST || Arun Fredrick || loan account no-[protected]

arunfredrick

from Chandigarh, Chandigarh

May 26, 2023

Address:

chandigarh

Dear Sir,

I am a salaried person and have a Lap loan from Fullerton india credit company with loan account no - [protected].
I had applied for foreclosure letter to close this loan and Fullerton is charging foreclosure charges of more than 4% on my loan.

Firstly they converted my HL into Lap as this loan was earlier running from HDFC LTD which i have taken to purchase my home without my consent and did fraud with me.

I am salaried person and have asked them to transfer my HL of HDFC LTD to Fullerton in HOME LOAN but they mis leaded me and converted it into LAP and now when i want to close this loan they are charging foreclosure charges.

As per RBI any NBFC or Bank cannot charge prepayment penalties on floating rates mortgage loans.

Kindly look into this and take action against this NBFC.

Regards
Arun Fredrick.

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Fullerton India Credit Customer Care

from Mumbai, Maharashtra

Jun 6, 2023

Verified Support

Dear Sir/Ma'am,

As per our telephone conversation today, we have managed to share the welcome letter with you at your registered email ID. Furthermore, we advise that not to share the account details on any online platform. For any further queries, please write to us at [protected]@fullertonindia.com.

Thank you
Regards
SMFG India Credit Company Limited (Formerly known as Fullerton India Credit Company Limited)